Bloomington Restorations Inc

Analysis

Bloomington Restorations Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in October 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bloomington Restorations Inc reported income of $112k and spending of $130k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $134k to $112k (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2022, when income rose by 229%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bloomington Restorations Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within IN. Charities of a similar size with the same main cause include Eastlake High School Ptsa 2 8 88 ($112k), Kemper Military School & College Alumni Assoc ($112k) and Town of Webb Historical Association ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. Compensation of current officers, directors and key employees was $19k (15% of expenses). At year end it held assets of $1.9m against liabilities of $2,151, net assets of $1.9m. It reported 1 employees.